Banco do Brasil

News stories featuring Banco do Brasil:

Samsung Pay will begin rolling out across Brazil on July 19, Samsung has confirmed, making it the first market in South America to introduce the mobile payment service. It will be supported by both MasterCard and Visa as well as Banco do Brasil, Brasil Pré-Pagos, Caixa, Porto Seguro, and Santander. More

Samsung Pay now has approximately five million users in South Korea and the US who have processed more than $500m through the mobile payment service in the first six months since its launch. The service is due to be rolled out in China next month, Samsung has revealed, followed by a global expansion to Australia, Brazil, Singapore, Spain, the UK and Canada later in the year. More

Visa is to launch NFC payments services based on host card emulation with “several leading financial institutions around the world” in the coming months, with BBVA and Cuscal already live. Others coming soon include Banco… More

Apple is in talks with some of Brazil’s largest banks including Bradesco, Itau and Banco do Brasil with a view to launching Apple Pay in the country in the near future, Epoca Negocios reports. Almost 80% of the payment terminal network in Brazil is already contactless-enabled, the publication says, and “the only missing piece to fully nationalise the process is issuing cards”.

Banco do Brasil has partnered with mobile network operator Oi and Visa to offer NFC mobile payments in Brazil. The service will be made available to a limited number of users initially and then rolled out to all the bank’s customers. Users will be able to make payments with an NFC phone at any of the 1.4m contactless POS terminals available in the country. Oberthur Technologies is supplying NFC SIMs to Oi for the project.